The Income Statement for the Month of June 2016 of Snap

question 76

Multiple Choice

The income statement for the month of June 2016 of Snap Shot Inc. contains the following information: $\begin{array}{lr}\text { Revenues } &&\$7,300 \\\text { Expenses: } & \\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 700 \\\text { Supplies Expense } & 200 \\\text { Insurance Expense } & 100 \\\quad \text { Total expenses } &&5,300 \\\text { Net income } &&\$2,000\end{array}$ The entry to close the revenue account includes a

• A) debit to Income Summary for $2000.
• B) credit to Income Summary for $2000.
• C) debit to Income Summary for $7300.
• D) credit to Income Summary for $7300.

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Definitions:

Applicant Tracking Software

Applicant Tracking Software (ATS) is a type of software used by employers to collect, sort, scan, and rank the job applications they receive for their open positions.

Keyword Summary

A concise overview that highlights the main keywords or terms used in a document, presentation, or piece of content.

Career Objective

A statement of your goals for employment, typically included at the top of a resume.

Résumé

A document detailing a person's background, skills, and qualifications for the purpose of securing employment.